Letter to BS: ICICI Bank to probe allegations against CEO Kochhar

This refers to “ICICI bank to probe role of CEO Kochhar” (May 31). Now that ICICI Bank board has agreed to probe the alleged nexus between Chanda Kochhar’s husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot over a loan extended to Videocon group, there will be indirect pressure on ICICI Bank CEO Chanda Kochhar to step down, at least temporarily, if not permanently. 

This is after a new whistle-blower has complained against her. If Kochhar remains in office while the investigation is on, it will raise eyebrows. 

This inquiry should not look like a hogwash. In 2001, UTI Bank's chairman P